Due to gains in foreign markets and decreasing demand in the second-largest gold consumer in the world, Indian gold futures reached an all-time high on Monday, according to dealers.
Domestic gold futures have increased by almost 10% in 2024, to 69,487 Indian rupees ($834.07) per 10 grams.
According to a government official and two bank dealers who spoke to Reuters last week, India's gold imports are expected to fall by more than 90% in March compared to the same month last year and reach their lowest level since the Covid-19 pandemic.
